Had to happen.
“Screw the market.” Rush just said it. haha
Reports of Adam Smith’s death greatly exaggerated. Laws of supply and demand NOT repealed.
BS. The market is having a temper tantrum, but it is no longer down 700. They’ll get over it and life will go on. Now if we can fix this minority housing gift act, our country can recover. That’s fair. Not robbing me and my family and others like us in the 40% minority who actually PAY TAXES in this country. Wall Street will have to figure a new way to finance the beach house.
If the credit markets completely freeze, due to the failure of the misnamed “bailout,” we will see more of this.
Hang on, while our political leaders try to score cheap political points. There will be plenty of blame to spread around.
And it’s ALSO up from the low- in the 400’s.
No matter whether this bill passed or NOT- the market would be very volatile..
And this will be the repub’s cover to change their vote next time if it’s actually even over today.
Woo Hoo!!!
let the market rest. It’ll rebound in time!
a win for the good guys today
I’m down 11k, and I have a big smile on my face.
Build your house on sand and fake securities and fake insurance companies. LOL
Financial Crisis: Dow Jones Hit as Bank Crisis Deepens
Protesters Hold Messages at New York Stock Exchange
Financial Crisis: Dow Jones Hit as Bank Crisis Deepens
Dow Plunges 700 Then Regains Some of the Loss
Click the image and educated yourself. If you have the courage. Or just hit my freeper page.
As the Romans used to say “Let justice be done, though the heavens fall!”
LOL - market plunges on potential of bill passage, then recovers 50% when the bill fails - the market is way smarter than congress....
They all lined up at the Welfare office for their check and it did not come. Sorry boys back to work.
A person up above called it. A temper tantrum by Wall Street but nothing even close to a crash so far as they all stated it would be.
I’m glad this particular bill was shot down...
But they had better pass an intelligent bill that will return liquidity to the system ASAP, or all these armchair economists posting here won’t be whooping it up anymore.
McCain is dead.
Looks like this isn’t going to get done today and if not today, the next time the House can work on this is Thursday because of Rosh Hoshanah. If they manage to bring up another bill at the end of this week, it will be a few days beyond that before the Senate could get to it.
The stock market has not collapsed. In fact, I’ll bet a lot of people are seeing this as a buying opportunity.
The longer we go without a plan without anything major going awry, people are going to say, what’s the rush, why all the dire warnings?
I think that next time around, the pressure from the public will be even stronger as awareness is now increased.
Pelosi is out there blaming the GOP (thus repelling them from voting her way), but by doing so she is actually extolling the GOP to the public because the GOP is on the side of the public. What is she thinking?
They’re just taking out their money so they can enjoy the coming spring of freedom and individual liberty